- BYD Electronic reported a net income of 4.04 billion yuan, surpassing the estimated 3.87 billion yuan.
- The company’s revenue stood at 129.96 billion yuan, outpacing the estimated 128.36 billion yuan.
- A final dividend per share of 53.8 RMB cents was declared.
- R&D expenses were reported at 4.72 billion yuan, lower than the estimated 5.31 billion yuan.
- Selling and Distribution expenses were 719.6 million yuan, higher than the estimated 646.5 million yuan.
- Administrative expenses were 1.29 billion yuan, less than the estimated 1.41 billion yuan.
- The company received 28 buy ratings, 2 hold ratings, and no sell ratings.
BYD Electronics on Smartkarma
BYD Electronics has been receiving positive analyst coverage on Smartkarma, an independent investment research network. According to Brian Freitas, who provides insights on index rebalances and ETF flows, there have been significant inflows into ETFs tracking the Shanghai Shenzhen CSI 300 Index, while there were redemptions from the Hang Seng H Share Index ETF. There were also inflows into iShares Emerging Markets ex China, while outflows were seen from iShares ACWI ETF. This suggests a bullish sentiment towards BYD Electronics and its performance in the Asian market.
Janaghan Jeyakumar, CFA, another analyst on Smartkarma, further supports this sentiment by discussing the potential for more room being created for IT names in the Hang Seng Index. Jeyakumar predicts that the index changes for the March 2024 rebalance will be announced on February 16, 2024, and believes that identifying eligible names and grouping them by conviction level could be a valuable exercise. This adds to the overall positive outlook on BYD Electronics and its potential for growth in the future.
A look at BYD Electronics Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
BYD Electronics, a company that researches, develops, and manufactures handset components and provides assembly services, has a positive long-term outlook according to the Smartkarma Smart Scores. With a score of 5 for momentum, the company is showing strong growth potential and is gaining momentum in the market. This is supported by a score of 4 for resilience, indicating that the company is well-equipped to handle any potential challenges in the future.
Additionally, BYD Electronics scores a 3 for value, suggesting that the company is reasonably priced and has the potential for solid returns. However, its dividend score of 2 may not be as attractive for investors looking for regular income. The company also scores a 3 for growth, indicating that it has potential for future expansion and development. Overall, BYD Electronics looks to have a promising future ahead, with its strong momentum and resilience scores pointing towards continued success in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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